![Failure of Authorized Representative to Attend Assessment proceedings without informing Assessee is a ‘reasonable cause’: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Failure of Authorized Representative to Attend Assessment proceedings without informing Assessee is a ‘reasonable cause’: ITAT deletes Penalty [Read Order]")
Failure of Authorized Representative to Attend Assessment proceedings without informing Assessee is a ‘reasonable cause’: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal, New Delhi bench guided the AO to delete the penalty imposed under section 271(1) (b) of the Income Tax Act, 1961...
![Penalty paid on Sales Tax demand is not Compensatory in Nature: ITAT disallows Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Penalty paid on Sales Tax demand is not Compensatory in Nature: ITAT disallows Expenditure [Read Order]")
No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]
Justices S C Dharmadhikari and Prakash D Naik of Bombay High Court, in CIT v. Smt. Madhuri Satish Misal, held that penalty under the provisions of the Income Tax Act is not justifiable when Assessee...
![No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]")
ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]
The Ahmedabad bench of the ITAT, in a significant ruling, held that penalty under section 221(1) of the Income Tax Act is leviable when the assessee has not paid the admitted tax liability under...
![ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]")
Penalty cannot be levied when Legal Heir of Assessee Revises Return and Voluntarily Offers Income to Tax: ITAT Mumbai
In Late Smt. Leelabai Phadke v. ACIT, a division bench of the Mumbai ITAT quashed the penalty proceedings against the legal heir of the assessee he revised the return and voluntarily offered the...
Penalty under Rule 209A of Central Excise Rules can be imposed only when person has physically dealt with Excisable Goods: Bombay HC
A division bench of the Bombay High Court in Commissioner of Central Excise v. M/s. Bansal Steel Corporation & Ors held that penalty under Rule 209A of the Central Excise Rules, 1944 can be...
Penalty can’t be levied when Assessee collected TDS on the Gross Billing Amount including Service Tax by Mistake: ITAT Delhi
A division bench of the ITAT Delhi, on Wednesday deleted penalty against the assesse, M/s. Bhayana Builders Pvt. Ltd, who mistakenly collected collected TDS on the gross billing amount including...
Non-filing of GST Returns by a Firm would not Attract Penalty when It has Wrongly Registered as Sole Proprietor: Allahabad HC [Read Order]
A division bench of the Allahabad High Court, on Thursday, directed the Goods and Services Tax (GST) authorities to not to initiate penal actions against a Firm on ground of non-filing of GST returns...
![Non-filing of GST Returns by a Firm would not Attract Penalty when It has Wrongly Registered as Sole Proprietor: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/GST-Returns-Taxscan.jpg "Non-filing of GST Returns by a Firm would not Attract Penalty when It has Wrongly Registered as Sole Proprietor: Allahabad HC [Read Order]")
